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Data as of .

DRGN vs HLTH: which is really different?

DRGN and HLTH hold 0% of their weight in the same names.

Themes China Generative Artificial Intelligence ETF and Tema Healthcare AI ETF.

0.0%DRGN in the S&P 500
19.2%HLTH in the S&P 500
−6.3%DRGN total return, 1 year
+15.8%HLTH total return, 1 year

ETFIQ Off-Index Score: DRGN scores higher

How much of it is not the index it is sold as an alternative to?

DRGN 91.8HLTH 65.80.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

DRGN100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 63% of the fund · 23 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 63% of the fund
HLTH81% of its weight is outside the S&P 500 · since launch to Sep 18, 2026
19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 50% of the fund · 32 holdings filed Sep 18, 2026 · Nasdaq-100: 12% in19%81%inoutside the S&P 500active share 99% · top ten 50% of the fund

0% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, DRGN and HLTH hold 0% of their money in the same securities at the same weight.

Only in each
Only in DRGNOnly in HLTH
Yuanjie Semiconductor Technology Co Ltd 7.97%10X GENOMICS INC 7.67%
Montage Technology Co Ltd 7.07%TWIST BIOSCIENCE CORP 6.52%
Cambricon Technologies Corp Ltd 6.79%ILLUMINA INC 5.44%
Hygon Information Technology Co Ltd 6.48%NATERA INC 5.11%
Foxconn Industrial Internet Co Ltd 6.45%CYTOKINETICS INC 4.61%
Xiaomi Corp 6.03%INTUITIVE SURGICAL INC 4.36%
Baidu Inc 5.90%REVOLUTION MEDICINES INC 4.28%
360 Security Technology Inc 4.97%VERTEX PHARMACEUTICALS INC 4.08%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.

Performance, window by window

DRGN and HLTH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
DRGNHLTHDRGNHLTHDRGNHLTH
3 months−11.4%not published−13.6 ptsnot published−8.9 ptsnot published
6 months+7.8%not published−10.3 ptsnot published−16.5 ptsnot published
1 year−6.3%not published−22.9 ptsnot published−28.1 ptsnot published
Since launch+30.6%+15.8%+6.5 pts+13.7 pts+0.3 pts+14.0 pts
Open the live comparison on ETFIQ
DRGN and HLTH on the same fields, as of Sep 18, 2026. Source: ETFIQ.
DRGN
Themes China Generative Artificial Intelligence ETF
Holds 23 stocks in artificial intelligence, 0% of its weight in S&P 500 companies
HLTH
Tema Healthcare AI ETF
Holds 32 stocks in artificial intelligence, 19% of its weight in S&P 500 companies
IssuerThemesTema
ThemeArtificial intelligenceArtificial intelligence
In the S&P 5000.0%19.2%
Active share vs the S&P 500100.0%99.2%
In the Nasdaq-1000.0%11.9%
Holdings2332
Top ten, share of the fund62.5%49.9%
Expense ratio0.39%0.75%
Fee for the differing part0.39%0.76%
Total return, 1 year−6.3%+15.8% (since launch on Jul 21, 2026)
vs the S&P 500−22.9 pts+13.7 pts
vs the Nasdaq-100−28.1 pts+14.0 pts
Below its high−17.6%−2.1%
Net assets$22mnot published

DRGN in plain words

By weight, 0% of DRGN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 23 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned −6.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 22.9 pts. It sits 17.6% below its all-time high of May 13, 2026.

HLTH in plain words

By weight, 19% of HLTH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 32 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jul 21, 2026 the fund returned +15.8% with distributions reinvested against +2.0% for the S&P 500, so a holder was ahead by 13.7 pts.

Questions people ask

Do DRGN and HLTH hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, DRGN or HLTH?
DRGN has 0% of its weight in S&P 500 names and HLTH has 19%, so DRGN differs more from the index.
Which is cheaper, DRGN or HLTH?
DRGN charges 0.39% a year and HLTH charges 0.75%, so DRGN is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

DRGN against HLTH, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DRGN against HLTH, data as of Sep 18, 2026. https://etfiq.com/compare/themes/drgn-vs-hlth Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources